✳️ Streamr All-Time Low + Consolidation Box = Bullish

Streamr vs Bitcoin (DATABTC), hit a new All-Time Low just recently and quickly entered a period of sideways action, the accumulation phase.

As DATABTC trades very low, we can appreciate a very strong RSI with a reading of 57 (bullish).

✔️ This is a great chart setup. Low risk with a high potential for reward.

➖ The risk is low because a stop-loss can be set near, at or below the ATL.

➖ The potential for reward is high because after a downtrend follows an uptrend, so this pair can grow long-term. In the worst case scenario, a bullish wave can produce several Xs of gains.

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Commentaire:

Bullish breakout confirmed!